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Published: 23 December 2015

Households’ net financial assets declined in the third quarter of 2015

Households' net financial assets decreased by EUR 5.2 billion in the third quarter of 2015 and debts increased by EUR 0.8 billion. As a result of these changes, households' net financial assets contracted by 4.7 per cent from the previous quarter. Net financial assets refer to the difference between financial assets and liabilities. The data appear from Statistics Finland's financial accounts statistics.

Change from the previous quarter in households net financial assets

Change from the previous quarter in households net financial assets

At the end of September 2015, households had a total of EUR 266.9 billion in financial assets and EUR 146.1 billion in debts. Thus, households' net financial assets amounted to EUR 120.8 billion at the end of the third quarter. The decline in net financial assets from the previous quarter was EUR 5.9 billion.

The decrease in households' financial assets was caused by holding losses and the fact that households' net investments in financial claims were negative. Due to fallen stock market prices, households accumulated EUR 3.9 billion in holding losses during the quarter mainly from quoted shares and mutual fund shares. Households' net investments in financial assets amounted to EUR -1.2 billion during the quarter. Households withdrew their money particularly from deposits.

Both households' loan debts and disposable income increased in the third quarter of 2015. As a result of changes, the indebtedness ratio grew slightly, to 123.5 per cent. Households' indebtedness ratio is calculated as the ratio of their loan debts at the end of a quarter to their total disposable income during the preceding four quarters.

Non-financial corporations decreased their debt financing somewhat in the third quarter of 2015. Non-financial corporations’ debt financing consisted of loan debt and debts in the form of debt securities. At the end of September, non-financial corporations had EUR 185.1 billion in loan debt and EUR 30.0 billion in debts in the form of debt securities.

Source: Financial accounts, Statistics Finland

Inquiries: Saara Roine 029 551 2922, Henna Laasonen 029 551 3303,

Director in charge: Ville Vertanen

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Updated 23.12.2015

Referencing instructions:

Official Statistics of Finland (OSF): Financial accounts [e-publication].
ISSN=1458-8145. 3rd quarter 2015. Helsinki: Statistics Finland [referred: 28.2.2024].
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